Iofina Drills into Iodine Chemicals Opportunity

8:51 AM MDT | October 12, 2009 | Alex Scott

Iofina (London), a fledgling producer of natural gas and iodine, is starting to realize its strategy to produce commercial volumes of natural gas, iodine and iodine derivatives in the U.S. The company projects a substantial scale up in production during this year and for the next few years, up from zero commercial production in 2008. Iofina predicts a corresponding surge in sales. The company’s share price has lifted from below £0.23 ($0.37) at the end of 2008, to above £0.83/share today. The company extracts natural gas and iodine together in...